Credit Cards

Updated App Could Help Credit Karma Members Save Billions in Interest

November 30, 2016 Here at Credit Karma we’re committed to making financial progress possible for everyone, which means solving the biggest, hairiest financial problems faced by everyday Americans. One of the biggest challenges we hear about from our members is the cost of their debt – over $3.5 trillion of debt for more than 60 […]

How Much Do Americans Really Know About Credit?

November 14, 2016 The more you know about how banks decide whether to give you a loan and at what rate, the easier it will be for you to take the actions that make you seem as more creditworthy. Credit Karma has spent the last nine years sharing information with Americans about their individual credit […]

Did the CARD Act Really Protect College Student Credit Scores?

October 3, 2016 Before the Credit Card Accountability, Responsibility, and Disclosure or CARD Act went into effect in 2009, it was a much more common sight to see credit card companies setting up kiosks welcoming students to campus, offering swag in exchange for filling out an application for a college-affinity card. Credit cards branded with […]

How Do Credit Card Companies Decide Who to Send Junk Mail?

September 26, 2016 When it comes to sending credit card promotions in the mail, credit scores are only one data point among many used by card issuers to target mailboxes for their avalanche of offers. A September 2015 report, “Information, Contract Design, and Unsecured Credit Supply: Evidence from Credit Card Mailings,” by researchers at the […]

Credit Cards and Auto Loans Push Total US Debt Total to $12.29 Trillion

September 21, 2016 Americans are shopping again and they are increasingly charging it. Growth in credit card and auto loan debt added to the $35 billion increase in aggregate household debt for a total of $12.29 trillion at the end of June according to government reports. The Federal Reserve Bank of New York Center for […]

What is Black Market Value of Stolen Credit Card Info?

September 8, 2016 Major security breaches have become too common of a story, with retailers and websites hacked with alarming frequency. It has become so common that it can often take a fairly egregious breach – think SONY in 2014, or Target in 2013 – for something to become a high-profile news story. Stealing and […]

What Millennials with the Highest Credit Scores Have in Common

June 9, 2016 Recent college graduates have probably read enough articles about how to improve their credit scores and live happier lives to write a dissertation. Those guidelines are important and we can’t stress enough how essential it is to monitor your credit score, pay bills on time and maintain low balances in order to […]